Current Affairs - State - Discussion

The Union Government has given the go-ahead for setting up India's first mega coastal economic zone (CEZ) at the Jawaharlal Nehru Port in Maharashtra as part of a plan to develop 14 such industrial clusters to spur manufacturing and generate jobs. About 45 companies across telecom, auto and IT sectors will soon bid for 200 hectares of land to set up manufacturing units in the zone. The plan envisages a total investment of Rs 15,000 crore in the first phase and creation of more than 1.5 lakh jobs.